TORONTO, ONTARIO--(CCNMatthews - June 2, 2006) - Brookfield Investment Funds Management Inc., announced today the filing of a preliminary prospectus with the provincial securities regulators across Canada for the initial public offering of trust units of the Brookfield SoundVest Commodity Services Fund (the "Fund").

The Fund is an actively managed investment trust consisting primarily of equity securities of companies that provide services and infrastructure to the resource and commodity sectors. The Fund's investment objectives are to maximize the long-term total return to unitholders and to provide unitholders with monthly distributions.

The Fund features a deferred service charge ("DSC"), in which the management company will be financing the issue costs to allow for the gross proceeds of the issue to be invested on closing.

Brookfield Investment Funds Management Inc., an indirect wholly-owned subsidiary of Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM), will be responsible for the management of the Fund. SoundVest Capital Management Ltd., which is 50% owned by Brookfield, will act as the investment advisor and portfolio manager.

Note: This press release contains forward-looking information which includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Fund to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forward in the forward looking statements include general economic conditions, interest rates, availability of equity and debt financing and other risks detailed from time to time in the Fund's regulatory filings. The Fund undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.